Sprouts Farmers Market Announces New Stores

Rhea-AI Summary

Sprouts Farmers Market has announced plans to open 20 new stores in 2021, with 10 locations in Florida and four featuring a new, smaller format. This expansion aligns with the grocer's strategy to enhance its presence in key markets like California, Florida, and Texas. The new smaller store format, averaging 25,000 square feet, focuses on product innovation and customer engagement. Additionally, Sprouts will establish two new local produce distribution centers to optimize supply chain efficiency. Currently, the company operates 362 stores across 23 states.

Positive

• Planning to open 20 new stores in 2021, expanding footprint in key markets.
• Introduction of a new, efficient smaller store format averaging 25,000 square feet.
• New local produce distribution centers expected to improve supply chain efficiency.
• Each new store will create approximately 110 new career opportunities.

Negative

• None.

List includes 10 locations in Florida and four featuring a new format

PHOENIX, March 05, 2021 (GLOBE NEWSWIRE) -- Sprouts Farmers Market today announced a series of new stores, including four with a new, smaller format in line with previously announced strategy, and one store relocation. The healthy grocer will open approximately 20 stores this year. Sprouts is known for offering a unique farmer’s market experience through an open layout fostering customer engagement, and a curated selection of innovative and responsibly sourced healthy products.

“This year, Sprouts will densify its footprint with more stores opening in California, Florida and Texas,” said Dave McGlinchey, Sprouts Chief Format Officer. “We’re excited to introduce our newest format in four stores in the second half of 2020 and plan to feature this format with even more stores next year, when we will be expanding at unit growth of 10% or more.”

Among the openings are 10 stores in Florida where the grocer has been growing rapidly since 2018 and currently operates 23 locations. Stores in Dania Beach, Fla., Las Colinas, Texas, Phoenix, Ariz., and Smyrna, Ga. will introduce Sprouts’ updated, smaller format which averages 25,000 square feet, and one store in Tustin, Calif. will be remodeled this year with the new layout.

“Our refreshed format highlights the unique experience Sprouts is known for while emphasizing product innovation, attributes and departments meaningful to our target customers like high-quality meat and seafood, frozen items and plant-based products,” said McGlinchey. “The smaller size is very efficient and keeps produce at the heart of the store while maintaining our familiar open layout that will offer more assortment of products for a treasure hunt shopping experience.”

Sprouts will also open two new local produce distribution centers this year, one in Aurora, Colo. in March and another in Orlando, Fla. later in the year. The new centers will drive supply chain efficiencies by positioning stores within 250 miles of the centers.

Sprouts currently operates 362 stores in 23 states. Future stores are planned for:

• Boynton Beach, FL
• Brandon, FL
• Buford, GA
• Dania Beach, FL
• Denver, CO
• Garden Grove, CA
• Grand Prairie, TX
• Homestead, FL
• Las Colinas, TX
• Maricopa, AZ
• Menifee, CA
• Miami, FL
• Oakland Park, FL
• Orlando, FL
• Phoenix, AZ (relocation)
• Port St. Lucie, FL
• Reno, NV
• Smyrna, GA
• Tampa, FL
• West Palm Beach, FL

Each new store will bring approximately 110 new career opportunities to the market. Grand opening dates and hiring information for each location will be shared at a later date. For a list of current stores, visit sprouts.com/stores.

About Sprouts Farmers Market, Inc.  
Sprouts is the place where goodness grows. True to its farm-stand heritage, Sprouts offers a unique grocery experience featuring an open layout with fresh produce at the heart of the store. Sprouts inspires wellness naturally with a carefully curated assortment of better-for-you products paired with purpose-driven people. The healthy grocer continues to bring the latest in wholesome, innovative products made with lifestyle-friendly ingredients such as organic, plant-based and gluten-free. Headquartered in Phoenix, and one of the fastest growing retailers in the country, Sprouts employs approximately 35,000 team members and operates more than 360 stores in 23 states nationwide. To learn more about Sprouts, and the good it brings communities, visit about.sprouts.com. 

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c120400c-92e0-4b46-b77a-4ec2070a41b8

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/90cf819c-ea21-46e7-8c72-d6a2236a8f2a

FAQ

What is the location of the new Sprouts Farmers Market stores opening in 2021?

Sprouts Farmers Market plans to open 10 new stores in Florida and several in California, Texas, and other states.

How many new stores is Sprouts Farmers Market opening in 2021?

Sprouts Farmers Market is set to open approximately 20 new stores in 2021.

What is the average size of Sprouts' new store format?

The new smaller store format averages 25,000 square feet.

How many stores does Sprouts currently operate?

Sprouts currently operates 362 stores across 23 states.

What new initiatives is Sprouts Farmers Market introducing with their store openings?

Sprouts is introducing a new smaller store format and opening local produce distribution centers to improve supply chain efficiencies.